Fung Tu, the modern Chinese restaurant at 22 Orchard St., is closing at the end of August. It will relaunch in September as, “Nom Wah Tu.”

The restaurant was opened in November of 2013 by chef Jonathan Wu and Wilson Tang, owner of Nom Wah Tea Parlor, purportedly Chinatown’s oldest dim sum restaurant. According to the New York Times, the new concept will emphasize dim sum and other sharable plates. Jonathan Wu will continue to run the kitchen, adding modern twists to classic dishes. The owners say the new spot will be more casual and more affordable.

In the past year, Tang has expanded the Nom Wah franchise beyond its longtime Division Street headquarters, opening outposts on Kenmare Street and in the Canal Street Market.